The House of Representatives has rejected the report of the joint committee on Commerce and Customs and Excise investigation into the misuse of Export Expansion Grant, (EEG), by some industrialists, for failing to address the terms of reference.
The joint committee was mandated, following the adoption of a motion on the subject, to find out how and which companies were misusing the EEG after several reports were received to that effect.
The recommendations of the report, among other things, stated that the committee "did not discover any misuse of the scheme as alleged except for rivalry among the beneficiaries, especially in the leather sector. This invariably gave rise to orchestration of the alleged misuse".
Another recommendation was that the "House may lift the suspension on issuance of Negotiable Duty Credit Certificates and disbursement of funds from EEG as contained in its resolution of Thursday, 24, November, 2011, to the president and commander-in-chief of the Armed Forces of the Federal Republic of Nigeria to enable the beneficiary companies to access the backlogs arrears of the allotted Negotiable Duty Credit Certificates (NDCCs)".
However, no sooner had the chairman of the committee on Commerce, Hon Sylvester Ogbaga, given an overview on the findings of the investigation, that several colleagues raised observations about the alleged diversion from the subject matter.
Upon recognition by the presiding officer, Hon. Emeka Ihedioha, the deputy leader of the House was first to take a swipe at the report.